Top Posts

Double punches on global auto-makers

Not only badly beaten by the global crisis, where some of us may remember the drama that US autocar-maker created last year crying for help over the bailout funds, apparently the storm for them has not ended yet. Several automaker recalling their products from the market!!

Lets check the facts :

September 2009 – Toyota said it would recall ~3.8 Mn cars from US due to its floor mat that they worry can come loose and force down accelerator. Its suspected in an accident that have killed five people.

October 2009 – Ford doing a recall rally impacting ~14 Mn (the last call was ~4.5 Mn alone!!) vehicles due to a problematic cruise control deactivation switch.

January 2010 – Toyota recall 5.6 Mn cars in US because of sudden acceleration. Its recorded as one of the biggest recall ever in US history!!

Honda recalled 646 K of its Fit/Jazz and city globally due to faulty window switch

France’s Peugeot Citroen recalled nearly 100K of peugeot 107 and Citroen C1 made in Czech where Toyota and PSA jointly made cars.

Is this a result of high pressure for them to create money as much and as fastest as possible, keep continuing the cash flow? So that somehow.. somehow.. the defects are going undetected and they already launched the products too fast to the market??? This punch definitely not going to bring them anywhere near pra-crisis situation.. In fact, this just worsen their wound….